RICHMOND HOUSE - Agency Pilot
Transcript of RICHMOND HOUSE - Agency Pilot
R I C H M O N D H O U S E
1 5 B L O O M S T M A N C H E S T E R M 1 3 H Z
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
R I C H M O N D R I C H M O N D H O U S EH O U S E
2
VIBRANT LOCATION
AMAZING AMENITIES
INCREDIBLE TRANSPORT
LINKS
FREEHOLD
DEVELOPMENT DEVELOPMENT POTENTIALPOTENTIAL
INVESTMENT OPPORTUNITY
Richmond House is an attractive, historic 5 storey period building with additional lower ground accommodation originally built in 1886.
The property has striking Victorian architecture with a stunning brick and stone façade and complimentary feature archway over the front entrance to the offices. The property shares a grand history, being constructed at the same time as London’s Tower bridge and when the Statue of Liberty was being transported to New York City.
The property has a bar at lower ground floor level (accessed from dedicated entrance on Bloom St), a restaurant on the ground floor (accessed from dedicated entrance on Richmond St) and fully refurbished character offices on the upper floors.
The offices have been fully refurbished to a high standard including new glass entrance doors, a brand new roof, character reception area with quality finishes including a sweeping staircase and parquet flooring, lift to all floors and new WC’s and kitchens provided on each floor.
The offices comprise 7 high quality office suites all with a fantastic finish and a character/creative feel.
BUILDING HIGHLIGHTS BUILDING HIGHLIGHTS
• • Freehold & not a listed building Freehold & not a listed building
• • Prime location in an extremely vibrant area of Prime location in an extremely vibrant area of the city the city
• • Sits within ‘The Village’ close to a wide range of Sits within ‘The Village’ close to a wide range of bars & restaurants bars & restaurants
• • Fast developing area of business and residential Fast developing area of business and residential
• • Close to Piccadilly Gardens, Piccadilly Train Close to Piccadilly Gardens, Piccadilly Train Station and a short distance from Metrolink Station and a short distance from Metrolink
• • All city centre amenities including retail and All city centre amenities including retail and hotels within close proximity. hotels within close proximity.
• • Surrounded by numerous car parking options Surrounded by numerous car parking options
• • Fully refurbished and a new roofFully refurbished and a new roof
A BUILDING OF PERMANENCE AND VALUE IN THE HEART OF MANCHESTER’S VIBRANT CITY CENTRE
NET INTERNAL APPROX. 16,001 SQFT
TAKE THE TOURAN ATTRACTIVE FREEHOLD INVESTMENT
R I C H M O N D R I C H M O N D H O U S EH O U S E
3
You only have to gaze out over Manchester’s morphing skyline from one of the high-end bars, such as Cloud 23 or 20 Stories, to see what’s happening in the city; global investment on a grand scale is developing Manchester into the UK’s fastest growing city.
This is the place to be.
Everywhere you look there is a new apartment block, swanky new office space or a innovative new hotel. Whether it’s Manchester’s very own entrepreneurs, or overseas consortiums making investment, everyone’s getting involved.
This large scale investment is driving up the value of city centre space on a scale never seen before in Manchester as it becomes the UK’s New York City.
Manchester has it all. The city’s incredible culture, history, bars, restaurants and football clubs, fused together with it’s centrifugal transport links make it the one of the most exciting places to live and work in the country, if not the world.
With the development of Piccadilly East, St John’s and the new HS2 Railway, its only going to get bigger and better.
The place to invest is Manchester, and the time to invest is now.
MANCHESTER’S BILLION POUND PROPERTY BOOM
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
TAKE THE TOUR
R I C H M O N D R I C H M O N D H O U S EH O U S E
4
Richmond House is situated on the south west side of Bloom Street in the heart of Manchester’s dynamic and evolving city centre.
It sits in the ‘The Village’ a hugely vibrant area of the city with a wide range of historic buildings and an abundance of trendy bars & restaurants. The property is surrounded by an abundance of transport links. Piccadilly and Oxford Road Train Station’s are short walk away and even closer is Piccadilly Gardens Metrolink. Directly opposite is a multi-story car park with 2 more car parks just around the corner. Whether travelling to London, Paris or Manchester’s leafy suburbs, all options are available.
All the city’s incredible amenities are on the doorstep including upmarket hotels and city centre retail, with Market Street and The Arndale Shopping Centre just a short walk away.
The location is fast developing including the property next door at 14 Chorlton St which has been converted into 10 luxury apartments. Other significant developments underway within close proximity include 40 Chorlton St – a 41 bed apart hotel and 55 Portland St - a 17 storey, 329 bed new build hotel.
The recent Manchester New Square development is within close proximity on the corner of Whitworth St/Princess St comprising three blocks of 15, 14, and 12 storeys, delivering 351 apartments.
THE MOST ENERGETIC AND FAST DEVELOPING AREA OF THE CITY
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
TAKE THE TOUR
R I C H M O N D R I C H M O N D H O U S EH O U S E
5
A BRITISH CITY THAT’S MORE LONDON THAN, LONDON.
1. NCP Car Park Chorlton Street2. Bloom Street Car Park3. NCP Car Park Sackville Street4. The Goose5. EVA & Lounge6. The Thompsons Arms7. Club Tropicana8. Via Manchester9. Bar Pop10. Village Fish & Chip Shop
11. New York New York12. G-A-Y Manchester13. The New Union14. Alan Turing Memorial15. Tribeca16. Esquires Coffee17. Churchills18. Yuzu19. New Yorker Diner20. Red Chilli
21. Greggs22. Tesco Express23. M&S24. Primark25. Burger King26. Cafe Nero27. Grill on New York Street28. The Alchemist 29. St James Tower30. Pizza Express
MINS
6
6
6
7
8
9
PICCADILLY STATION
PICCADILLY METROLINK
PICCADILLY GARDENS METROLINK
ST PETERS SQUARE METROLINK
OXFORD ROAD STATION
MANCHESTER ARNDALE
NORTHERN QUARTER
PALACE THEATRE
ARNDALE
PICCADILLY
OXFORD RD
1 2
34
5
6
MANCHESTER LIBRARY
MIDLAND HOTEL
ST PETER’S SQ
PICCADILLY GARDENS
PICCADILLY GARDENS
TOWN HALL
BRITANNIA HOTEL
CHINA TOWN
MANCHESTER ART GALLERY
9
101112
131415
16
17
19
18
20
21
22
23
25
26
27
28
29
30
24
87
SACKVILLE GARDENS
MARKET STREET
MAL MAISON HOTEL
THE VILLAGE
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
TAKE THE TOUR
R I C H M O N D R I C H M O N D H O U S EH O U S E
6
TAKE THE TOUR
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
TAKE THE TOUR
R I C H M O N D R I C H M O N D H O U S EH O U S E
7
GO INSIDE WITH MATTERPORTIMMERSE YOURSELF IN OUR VIRTUAL TOUR
THIRD FLOOR FRONT ›
FORTH FLOOR ›
THIRD FLOOR REAR ›
SECOND FLOOR FRONT › SECOND FLOOR REAR ›
FIRST FLOOR FRONT › FIRST FLOOR REAR ›
LOBBY › GROUND FLOOR ›
LOWER GROUND FLOOR ›
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
TAKE THE TOUR
R I C H M O N D R I C H M O N D H O U S EH O U S E
8
ACCOMMODATION TENANCY SCHEDULE
Demise NIA (Sqft)
Lower Ground 3,033
Ground WC’s 163
Ground Floor 2,173
1st Floor Front 1,556
1st Floor Rear 1,035
2nd Floor Front 1,536
2nd Floor Rear 1,055
3rd Floor Front 1,654
3rd Floor Rear 1,017
4th Floor 2,779
NIA total (Approx.) 16,001
Demise Occupier From To Term (Yrs) Next break Review Passing Rent
Net Internal
Floor area (Sqft)
ERV Other comments
Lower Ground
Eagle Bar Man-chester Ltd
22/12/2009 20/10/2021 11 22/12/2018 £39,551 3,033 £45,495 ERV based on £15/sqft
Lower Ground WC’s Tea On Ltd 09/08/2011 03/04/2021 9
No Further Reviews
£1,892 163 £1,892
Ground Floor Tea On Ltd 04/04/2011 03/04/2021 10 04/04/2016No Further
Reviews£25,192 2,173 £32,595 ERV based on £15/sqft
1st Floor Front
Image Metrics UK
01/03/2018 28/02/2023 5 28/02/202128/02/2021
3 yrly£22,562 1,556 £24,118
Outside of L&T Act. ERV based on £15.50/sqft
1st Floor Rear Tea On Ltd 27/02/2015 03/04/2021 6 No Reviews £11,385 1,035 £16,043 ERV based on £15.50/sqft
2nd Floor Front
Pitman Training Group Ltd
04/04/2017 03/04/2022 5 03/04/2020 No Reviews £23,000 1,536 £23,808 Outside of L&T Act, ERV
based on £15.50/sqft
2nd Floor Rear
Landlord rental guarantee
12 months from date of
purchaseTBC 12 months N/A N/A £16,353 1,055 £16,353
ERV based on £15.50/sqft. Vendor to provide
12 months rent, rates and service charge cover
3rd Floor Front I Teachers Ltd 16/04/2018 15/04/2023 5 16/04/2021
16/04/20224 yrly
£25,637 1,654 £25,637 ERV based on £15.50/sqft
3rd Floor Rear
Sports Fashion Distribution
UK Ltd10/08/2018 09/08/2023 5 No reviews £15,764 1,017 £15,764
Outside of L&T Act.ERV based oin £15.50/sqft
4th floorSports Fashion Distribution
UK Ltd10/08/2018 09/08/2023 5 No Reviews £43,075 2,779 £43,075
Outside of L & T Act. ERV based on £15.50/sqft
Total £224,411 16,001 £244,780
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
TAKE THE TOUR
R I C H M O N D R I C H M O N D H O U S EH O U S E
9
Richmond House is a tremendous investment opportunity. A prime freehold investment in the heart of the city centre in a location with outstanding transport links, attracting some of the brightest and most creative businesses around. Guide of £4.49m.(£281/sqft) which equates to a net initial yield of 4.69% and a revisionary yield of 5.12%.
EPCCopies of the EPC’s are available on request.
TENUREFreehold.
VATThe property has been elected for VAT.
ANTI MONEY LAUNDERINGIn accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
DATAROOMA data room has been set up with relevant documentation; access is available on request.
THE OPPORTUNITY
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
TAKE THE TOUR
R I C H M O N D H O U S E
R I C H M O N D R I C H M O N D H O U S EH O U S E
10
ENQUIRIES
VIEWINGBy appointment with the sole agents:
WT GunsonT: 0161 833 9797
FAO Neale Sayle E: [email protected]: 07760 160 321
TAKE THE TOUR
OVERVIEWOVERVIEW
MANCHESTERMANCHESTER
LOCATIONLOCATION
AMENITIESAMENITIES
GALLERYGALLERY
VIRTUAL TOURVIRTUAL TOUR
ACCOMMODATION/ ACCOMMODATION/ TENANCY SCHEDULETENANCY SCHEDULE
OPPORTUNITYOPPORTUNITY
ENQUIRIESENQUIRIES
TAKE THE TOUR